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thinking of the martin gal betting system are you familiar with the martin gal betting system i am not ok martin betting system is the gambling system where you go to the roulette wheel and you bet on red if you lose you double up. and if you lose again you double up and you keep doubling up on every bet until you've actually hit red and then you make a lot of money now the problem is you go broke before you hit red now on wall street they engage in this martin gayle betting system because the money that they get to make the bets is free from the federal reserve a zero percent interest rate and they never have to pay off any they're losing bets meanwhile the average person is in the stock market any time they suffer a loss they actually have to suffer a loss show you've got this diametric you know a proposition in the investing world where people are saying well there's a lot of opportunity in the stock market but it's different if year out of wall street unlimited credit and you never suffer a loss so why do the average people out there whether it's canada america or anywhere else in europe why

ok. martin says no cuts to medicare, we should look at defense spending, but" the wall street journal" had a front-page story yesterday about what is being proposed. if i want to get your reaction. one of them is that the last in, first out, method lets companies figure up the price of goods at the most recent market price paid. being able to list higher expenses makes taxable income smaller. this would change as they were to reform that, and that could bring in $60 billion or more over 10 years. in guest: that sounds like a lot of money. unfortunately, the tax we face is gigantic, and it cannot happen without spending restraints on that side of the ledger. if there is just no way. there is no argument from us on the need to restrain defense spending. i have seen estimates that in 1.3 trillion dollars of the national debt is due to the fact that we have at our military go into iraq and afghanistan. ups in add other ramp military spending, and foreign aid, some people put the total at well over 2.5 trillion dollars. there needs to be at a pullback. we worked with and an outside to put about

the sound that this is still ok is there an expert on martin's here because it's clear that was. it's a swallow that i must find an expert on swallow's course it doesn't know this the mayor young nero says it's a representative from bertie preserve that's you know put out. i don't ask open as it is on march seventeenth i asked the citizens if they agree with the radar base but i recommend that you find the courage to ask the citizens if they want the base city of three men sat here one from the science academy one from the defense academy mr couch. i think they advised you and scientists have advised you mr burr sick and you will totally destroy burley's flora and fauna but you don't live there so you don't care when will you wake up yes not only was the. think the failure to get it and i've said all. i am convinced that the certain things cannot be put through or a friend we cannot vote on the death penalty because the great majority would be for renewing it we cannot vote on taxes because the majority of people don't want to pay any taxes and we cannot put the defense of our co

can help us figure that out thank you for being here good to be here ok so my first question on jobs we have seen cisco lockheed martin borders announce a combined twenty three thousand job cuts in the last week or so goldman sachs announced that layoff a thousand people. have been other announcements as well i mean forty one thousand planned job cuts were announced in june which is a five percent increase year year over. are we going to see and stead of just really small job growth a loss of jobs is going in the wrong direction was absolutely not going in the right direction fast enough but i think what we're seeing right now isn't necessarily a firing crisis despite what we've seen in the last few months with the news of the mass layoffs at cisco and borders with it being in stores where we really have is a hiring crisis firings have gone down pretty significantly sense the nadir of the recession what we're seeing right now is the companies are all staying put there's a big chill and the companies that you expect to hire these multinational companies that are that are sort of seeing record profits over the last two

over past the break is that ok i think i could say all right don't go away oh be right back after this. rachel martin here broadcasting live from washington d.c. coming up today on the big picture. we'll. bring you the latest in science and technology from. the future of coverage. welcome back to the for stacy herbert you know we were talking about the fraudulent berlusconi the economist magazine a cover story just recently called the biggest jerk on europe i believe was the headline but continue please well we're on the topic of media tycoons who have destroyed democracy certainly in italy and now it turns out destroyed the economy but i want to turn to murdoch everybody's covering the story of course but he is a media tycoon has who has destroyed democracies and economies based on his propaganda and i want to show how this is systemic and systematic the way he is treated by politicians and by justice around the world and why we continue to find ourselves in economic collapse all these years later and it's part of the political collapse first take a look at this picture this is rupert murdoch last w

ok rules we try to run for city children result. in israel which is available in some of them he told some of the areas some of them had children recently. which martin live from moscow these are the top stories germany agrees to supply nato forces in libya was war munitions as the alliance ran short of weapons for its increasing airstrikes but the country has drawn criticism for deviating from its original position on intervention amid speculation it's been pressured by other alliance members. meanwhile the last cooperation with moscow might be taken to a new level as discussions of a common missile defense system in europe are expected to dominate the russian nato summit the alliance had anders fogh rasmussen is in russia city of sorts for talks . a lot of plans to boycott monday's rianne war crimes hearing word the faces charges of genocide the former bosnian serb army chief says he wouldn't appear in the courtroom until games allowed to take his own team of lawyers. that's what advise here in our t.v. back to the top of the hour with more updates for you meantime we'll meet an army journalist who's staying us thousand kilometer walk to talk peopl